Defence Bank Cadet Saver
$0 monthly feeFor kids
Created especially for young cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good.
- Overseas spending fee
- 3%
- Overseas ATM fee
- Not published
- Digital wallets
- Apple, Google, Samsung
Monthly fee
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay, Samsung Pay
- PayID
- Yes
- Overdraft available
- Not listed
Who can open it
- Age to open
- 12 to 17
Who it's for
- Created especially for cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good.
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Monthly fee
None
Most accounts that say charge none.
Overseas spending fee
3%
Of what you spend in another currency. Typical is 3%.
Pros and cons
Pros
- No monthly fee. Keeping the account costs nothing, whatever you deposit.
- Pays interest. 5.25% on your balance, which most everyday accounts don't.
- PayID. People can pay you with your phone number or email instead of a BSB and account number.
- Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.
Cons
Nothing stands out.
Similar accounts
Everyday accounts from other banks with similar fees.
- Monthly fee
- None
- Overseas spending fee
- 3%
- Monthly fee
- None
- Overseas spending fee
- 3%
- Monthly fee
- None
- Overseas spending fee
- 3%
